IMTRIO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMTRIO
Largest movements
- Cash +€41,575
up €41,575 (+20.4%), from €204,137 to €245,712
mainly Net result for the year (+€89,874) and Depreciation (+€7,967)
- Tangible fixed assets -€7,967
down €7,967 (-1.5%), from €515,904 to €507,937
of which Plant, machinery and equipment: -€4,115
- Profit (loss) carried forward +€89,874
up €89,874 (+112.1%), from €80,163 to €170,037
- Debts after one year -€65,167
down €65,167 (-13.0%), from €500,913 to €435,746
of which Financial debts: -€65,167
- Gross operating margin +€15,152
up €15,152 (+11.5%), from €132,278 to €147,430
- Other operating charges -€7,163
down €7,163 (-79.6%), from €9,001 to €1,838
- Taxes +€4,252
up €4,252 (+15.7%), from €27,032 to €31,284
- Financial charges -€1,857
down €1,857 (-10.1%), from €18,324 to €16,467
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €722,501 | €757,538 | +€35,037 | +4.8% |
| Fixed assets | 21/28 | €515,904 | €507,937 | -€7,967 | -1.5% |
| Tangible fixed assets | 22/27 | €515,904 | €507,937 | -€7,967 | -1.5% |
| Land and buildings | 22 | €500,034 | €496,182 | -€3,852 | -0.8% |
| Plant, machinery and equipment | 23 | €15,870 | €11,755 | -€4,115 | -25.9% |
| Current assets | 29/58 | €206,597 | €249,601 | +€43,003 | +20.8% |
| Amounts receivable within one year | 40/41 | €2,135 | €3,596 | +€1,461 | +68.4% |
| Trade receivables | 40 | €2,135 | €2,135 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,461 | +€1,461 | |
| Cash at bank and in hand | 54/58 | €204,137 | €245,712 | +€41,575 | +20.4% |
| Deferred charges and accrued income | 490/1 | €325 | €293 | -€32 | -9.9% |
| Total equity and liabilities | 10/49 | €722,501 | €757,538 | +€35,037 | +4.8% |
| Equity | 10/15 | €110,263 | €200,137 | +€89,874 | +81.5% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,163 | €170,037 | +€89,874 | +112.1% |
| Amounts payable | 17/49 | €612,238 | €557,401 | -€54,837 | -9.0% |
| Amounts payable after more than one year | 17 | €500,913 | €435,746 | -€65,167 | -13.0% |
| Financial debts | 170/4 | €499,703 | €434,536 | -€65,167 | -13.0% |
| Other amounts payable | 178/9 | €1,210 | €1,210 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,100 | €112,243 | +€10,143 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €63,254 | €65,167 | +€1,913 | +3.0% |
| Trade debts | 44 | €5,082 | €8,760 | +€3,677 | +72.3% |
| Suppliers | 440/4 | €5,082 | €8,760 | +€3,677 | +72.3% |
| Taxes, remuneration and social security | 45 | €33,763 | €38,316 | +€4,553 | +13.5% |
| Taxes | 450/3 | €33,763 | €38,316 | +€4,553 | +13.5% |
| Accrued charges and deferred income | 492/3 | €9,225 | €9,412 | +€187 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,817 | €7,967 | +€150 | +1.9% |
| Other operating charges | 640/8 | €9,001 | €1,838 | -€7,163 | -79.6% |
| Gross operating margin | 9900 | €132,278 | €147,430 | +€15,152 | +11.5% |
| Operating profit (loss) | 9901 | €115,460 | €137,625 | +€22,165 | +19.2% |
| Financial charges | 65/66B | €18,324 | €16,467 | -€1,857 | -10.1% |
| Recurring financial charges | 65 | €18,324 | €16,467 | -€1,857 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €97,136 | €121,158 | +€24,022 | +24.7% |
| Income taxes | 67/77 | €27,032 | €31,284 | +€4,252 | +15.7% |
| Profit (loss) for the period | 9904 | €70,104 | €89,874 | +€19,770 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,104 | €89,874 | +€19,770 | +28.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.